An excellent opportunity to purchase a two storey commercial unit, having comprehensive re-development potential for either further commercial units or residential accommodation (subject to the necessary consents).

The ground floor has been and is currently being used as a self storage business (but will be sold with the benefit of full vacant possession), with the first floor office/flat currently vacant. The property is believed to have a gross rental potential in the order of between £19,500 - £22,500, dependant on the standard of the renovation. The gross internal area of the ground floor totals approximately 3250 sq feet, and once updated has a rental value in the order of between £15,000 - £18,000 per annum. There is a further first floor office/apartment with a rental value in the order of approximately £4500 per annum.

Tenure

See Legal Pack

The property has recently been subdivided into smaller areas and has been let out at £18 per square foot at ground floor level on a net internal basis per tenant. The vendor is offering the property subject to the benefit of vacant possession, and is also offering up to eight weeks for completion from the date of the auction. The property stands on a good sized plot, and the area highlighted in red on the legal pack identifies this. There is also vehicular hard standing to the front.

Ground Floor

An entrance door leads to a spacious storage area, 13.8m x 10.7m with another internal storage area, 7.7m x 4.3m. Office/Separate Store One, 6.8m x 4.3m. Office/Separate Store Two, 12.3m x 6.2m. Rear Entrance Lobby, measuring approximately 6.8m x 2.7m.

First Floor

A flight of stairs leads to the first floor, which we believe has been used as offices and residential accommodation. Office One/Bedroom One, 3.6m x 6.1m. Office Two/Lounge, 3.5m x 5.1m. Kitchen Area, 2.3m x 2.1m, having boiler (not tested). Shower Room, 1.2m x 1.2m. WC, 1.4m x 1.3m, having WC and wash hand basin.

Outside

It is believed that there is a small garden area to the rear, which has not been inspected by ourselves.

Directions

Leave Chesterfield via the B6057 Sheffield Road and proceed for approximately one mile and Holme Road is a right hand turn, and the property is situated towards the end of Holme Road and is easily identifiable by the for sale sign board.

Energy Efficiency Rating (EPC)

Current Rating G

Local Authority

Chesterfield Borough Council

Solicitors

J A Taft Conveyancing, 42 Clarence Road, Chesterfield, S40 1LQ, Tel: 01246 207101

Additional Fees

Buyer's Premium - 1.5% of the purchase price plus VAT, subject to a minimum fee of £950 plus VAT, payable on completion.

Administration Charge - £950 plus vat (£1140 inc VAT), payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.